Home » Yield Indexes Mixed as Investors React to Slower Pace of War Effort

TITLE

Yield Indexes Mixed as Investors React to Slower Pace of War Effort

AUTHOR(S)

Smith, Aaron T.

PUB. DATE

March 2003

SOURCE

Bond Buyer;3/28/2003, Vol. 343 Issue 31803, p34

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

indexes presented by the periodical 'The Bond Buyer' were mixed in the week ending March 28, 2003 as investors realized the war in Iraq was not over yet. Trading was volatile in the beginning of the week, but quickly slowed down.The New York State Dormitory Authority repriced 595 million dollars of revenue bonds. The Bond Buyer one-year note index rose two basis points to yield 1.11 percent, from 1.09 percent. The Chicago Fed National Activity index slumped to negative 0.62 in February 2003 from 0.53 in January 2003. The revenue bond index was unchanged at 5.17 percent. The 20-bond index edged up one basis point to yield 4.84 percent, from 4.83 percent. The 11-bond index rose one basis point to yield 4.77 percent from 4.76 percent. The 10-Treasury note dropped six basis points to yield 3.92 percent, from 3.98 percent.

ACCESSION #

9473124

Related Articles

he Municipal yields at a repricing of 595 million dollars New York State Dormitory Authority revenue bonds in the new-issue market. At a repricing of 88 million dollars of third general resolution revenue bonds, 2003 Series 1, yields were lowered by four basis points in 2011. The final...

Reports that the New York State Dormitory Authority has approved the issuance of bonds on September 28, 2005. Inclusion of personal income tax (PIT) revenue bonds for public universities in the approved bond issuance; Schedule on the pricing of the PIT revenue bonds; Rating designated to the PIT...

The article reports on the municipal market activity in the U.S. It states that the Dormitory Authority of the State of New York (DASNY) came to market with 401.6 million dollars of debt for Morgan Stanley Capital Service Inc. on behalf of New York University. However, the yields in the...

The article reports on the final approval given by the Dormitory Authority of the State of New York (DASNY) on the $2.91 billion of bonds in New York. The DASNY has granted its final commendation on the billion worth of bonds, that will include around $800 million of Build America Bonds (BAB) on...

The article reports that the largest bond issuers in New York are looking for support for their annual wish lists. Dormitory Authority of the State of New York is calling for legislative changes that would position it as an alternative to local industrial development agencies on certain deals....

Reports on the plan of the New York Dormitory Authority to issue fixed-rate bonds in the market. Opportunity for investors to purchase bonds from the issuance that is backed by the state's robust personal income tax receipts; Selection of Morgan Stanley and Co. Inc., Citigroup Global Markets...

Reports on the approval of the board of the New York State Dormitory Authority on the selling of revenue bonds. Use of the bonds to fund higher education facilities; Amount of bonds to be sold to refund outstanding debt; Offering of the bonds in the market.

The article reports on the plan of the Dormitory Authority of the State of New York to sell $500 million of personal income tax (PIT) bonds in September 2007. Claimed to the state's first competitive tax-exempt PIT sale since the announcement of Governor Eliot Spitzer that the state would...

The article reports on the performance of the municipal bond market in the U.S. on a given Friday in September 2009. It is stated that the municipal market performed better, whereas the Municipal Market Data (MMD) triple-A yield curve scale dropped to a historic low. The treasury market suffered...